GREATER DES MOINES CONVENTION & VI… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

TRINA FLACK

Phone

5156993438

Tax Period

2024-07-01 to 2025-06-30

GREATER DES MOINES CONVENTION & VISITORS BUREAU INC, founded in 1983, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $7.9M left a modest 7% surplus.

Mission

TO PROMOTE AND DEVELOP THE VISITORS AND CONVENTION INDUSTRY IN THE GREATER DES MOINES AREA AND TO ENCOURAGE THE UTILIZATION OF FACILITIES FOR VISITORS AND CONVENTIONS.

Program Service Accomplishments

Program 1

PROMOTE AND DEVELOP THE VISITORS AND CONVENTION INDUSTRY IN THE GREATER DES MOINES AREA (THIRTEEN MUNICIPALITIES AND POLK COUNTY) AND TO ENCOURAGE THE UTILIZATION OF FACILITIES FOR VISITORS AND...

PROMOTE AND DEVELOP THE VISITORS AND CONVENTION INDUSTRY IN THE GREATER DES MOINES AREA (THIRTEEN MUNICIPALITIES AND POLK COUNTY) AND TO ENCOURAGE THE UTILIZATION OF FACILITIES FOR VISITORS AND CONVENTIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,715,114

Program Service Revenue $678,327

Investment Income $23,565

Other Revenue $42,288

TOTAL REVENUE $8,459,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,941,237

Fundraising Expenses $0

Other Expenses $4,931,378

TOTAL EXPENSES $7,872,615

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,459,294	$7,616,613	+0.1%
Expenses	$7,872,615	$7,787,419	+0.0%
Net Income	$586,679	$-170,806	-4.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

808

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$371,022

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONNIE BOESEN	EXECUTIVE COMMITTEE - AT L	1.00	Officer Director	$0	$0	$0
BRANDON DANNER	EXECUTIVE COMMITTEE - AT L	1.00	Officer Director	$0	$0	$0
BRIAN MULCAHY	CHAIR	1.00	Officer Director	$0	$0	$0
CHRIS CONNOLLY	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
GREG HUDSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID ADELMAN	DIRECTOR	1.00	Director	$0	$0	$0
BOB ANDEWEG	DIRECTOR	0.33	Director	$0	$0	$0
STEVE ARMSTRONG	DIRECTOR	0.33	Director	$0	$0	$0
BRIAN BECKER	DIRECTOR	0.33	Director	$0	$0	$0
BOBBI BENTZ	DIRECTOR	0.33	Director	$0	$0	$0
ANGELA CONNOLLY	DIRECTOR	0.33	Director	$0	$0	$0
PAULA DIERENFELD	DIRECTOR	0.33	Director	$0	$0	$0
LARRY FEEBACK	DIRECTOR	0.33	Director	$0	$0	$0
SARAH HAINES	DIRECTOR	0.33	Director	$0	$0	$0
BRIAN HARDIN	DIRECTOR	0.33	Director	$0	$0	$0
STEVE KARSJEN	DIRECTOR	0.33	Director	$0	$0	$0
ERIC KLEIN	DIRECTOR	0.33	Director	$0	$0	$0
AMANDA LUNDSTEDT	DIRECTOR	0.33	Director	$0	$0	$0
MIKE LUSKY	DIRECTOR	0.33	Director	$0	$0	$0
ANGELA MCKENZIE	DIRECTOR	0.33	Director	$0	$0	$0
JEREMY PARSONS	DIRECTOR	0.33	Director	$0	$0	$0
KALPESH PATEL	DIRECTOR	0.33	Director	$0	$0	$0
TOM PHILLIPS	DIRECTOR	0.33	Director	$0	$0	$0
SUSAN SKERIES	DIRECTOR	0.33	Director	$0	$0	$0
JULIE STEWART	DIRECTOR	0.33	Director	$0	$0	$0
TIFFANY TAUSCHECK	DIRECTOR	0.33	Director	$0	$0	$0
ROBERT WARREN	DIRECTOR	0.33	Director	$0	$0	$0
KATIE WEBER	DIRECTOR	0.33	Director	$0	$0	$0
GREG EDWARDS	PRESIDENT/CEO	40.00	Officer	$335,210	$35,812	$371,022
SHANNON WINTERS	VP OF FINANCE AND HUMAN RESOURCES	30.00	Highest	$143,854	$7,573	$151,427
BROCK KONRAD	VP OF MARKETING	40.00	Highest	$150,467	$23,213	$173,680
TRINA FLACK	VP OF SALES	30.00	Highest	$149,962	$6,570	$156,532

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$8,459,294	$7,872,615	$5,415,864	$586,679
2024	$7,616,613	$7,787,419	$5,117,382	$-170,806
2023	$7,291,501	$7,085,344	$3,623,879	$206,157
2022	$5,930,534	$5,858,937	$3,700,969	$71,597
2021	$3,767,003	$4,092,430	$2,863,787	$-325,427
2020	$5,764,849	$5,225,506	$3,303,976	$539,343
2019	$6,140,250	$6,135,036	$3,177,526	$5,214

GREATER DES MOINES CONVENTION & VISITORS BUREAU INC